AI Metaverse Startup Futureverse Raises $54 Million

An unusual company straddling a range of industries has raised $54 million in fresh funding from investors. The company is Futureverse, a combination of 11 different startups from sectors including blockchain, artificial intelligence, the metaverse and gaming.

Crypto investment firm 10T Holdings led the Series A round for Futureverse, the company plans to announce Tuesday. Other investors included Ripple Labs Inc., the digital asset company that was recently the subject of a high-profile ruling that could impact crypto regulation. Futureverse co-founders Aaron McDonald and Shara Senderoff declined to disclose the startup’s valuation.

Tumult in the crypto market over the last year made fundraising a tricky process for the company, McDonald said, and ...